Sirius Real Estate Earnings Call Transcripts
Fiscal Year 2026
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Strong organic and acquisitive growth drove a 7.7% rise in rental income and a 6.6% increase in FFO, with a 4% dividend hike. Germany is poised for further acceleration, while U.K. investments are paused amid political uncertainty.
Fiscal Year 2025
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Full-year results show strong growth in rental income, FFO, and NAV, driven by an occupancy-led strategy and value-add acquisitions in Germany and the U.K. The company maintains a robust balance sheet, has de-risked near-term debt, and targets €150m FFO within three years.
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FFO rose 14.5% to €60.7M, with strong rent roll growth in both Germany and the U.K. NAV per share increased 1.2%, and the dividend was raised for the 22nd consecutive time. €200M in acquisition firepower remains, with a disciplined, occupancy-led strategy guiding future growth.
Fiscal Year 2024
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FFO reached EUR 110 million, doubling in four years, with strong rental growth and a 21st consecutive dividend increase. Strategic acquisitions and asset recycling drove rent roll and NAV growth, while maintaining a conservative LTV and robust CapEx returns.